Card Processing Merchant Account Card Processing Merchant Account via Visa and MasterCard manage the majority of the credit and debit card network and your relationship with them will be via a card processor, also commonly known as a merchant services provider or card acquirer. All the main UK banks have either their own card processing business [...]
What is a merchant account, whether you are a new business or you’ve been trading for a while. The ability to accept credit and debit card payments is vital to your business. In order to accept these payments, whether face-to-face, over the telephone or online, you will require a merchant account. In 2015, there were 34.7 [...]
No more Credit Card surcharges from January 2018 Airlines and takeaway apps in particular have become notorious for adding a fee when you pay for your return trip to Malaga or a chicken madras on a Friday night by card. The percentages charged vary – a Ryanair booking would set you back 2% of the [...]
While card spending has almost always accounted for the majority of retail spending, this was the first year that credit and debit also accounted for more than half of all retail transactions. So not only do consumers spend more with cards than cash but they spend with them more often. With consumers increasing moving towards [...]
Cash no longer king as contactless payments soar in UK stores Landmark moment as cards now account for more than half of all purchases, according to British Retail Consortium Is this the tipping point that signals the beginning of the end for cash? For the first time, notes and coins have been toppled from their [...]
The top merchants in the rise of contactless payments Now that contactless payments have become the social norm for many retailers and businesses, here are the top 20 industries utilising this technology Despite customers across the UK often experiencing ‘sorry, we don’t take contactless payments’ apologies at the till, it’s clear that tap-to-pay is on [...]
The ability to accept card payments is crucial for many small businesses across the UK. In the past, accepting card payments had been expensive and arduous. However, a host of new entrants to the market have made the process simpler and cheaper than ever. Here, we’ve outlined the different things you need in order to accept card [...]
